Patel Retail Ltd, a Maharashtra-based retail supermarket chain, has set the price band for its upcoming IPO at 15% below the level of its November 2024 pre-IPO round.
Market Performance
- Price Band: ₹237–₹255 per share
- Pre-IPO Price (Nov 2024): ~₹300 per share
- Discount from Pre-IPO: 15%
The move comes ahead of the company’s IPO opening on August 19, 2025. Anchor bidding will be held on August 18, and the issue will close on August 21. The allotment will be finalised on August 22, with listing scheduled for August 26.
Main News
Patel Retail’s IPO will consist of:
- Fresh Issue: ~₹217.21 crore
- Offer for Sale (OFS): ~₹25.56 crore by existing shareholders and promoters
The company will distribute the IPO proceeds in the following way:
- Debt Repayment: ₹59 crore
- Working Capital: ₹115 crore
- General Corporate Purposes: Remaining funds
Company Details
- Founded: FY2008
- Operations: 43 retail supermarket stores under Patel’s R Mart in Thane and Raigad, Maharashtra
- Exports: Staples, groceries, pulses, spices, and pulps under Patel Fresh and Indian Chaska brands
- Merchant Banker: Fedex Securities
Financial Performance
FY2025 Results:
- Revenue: ₹820.7 crore (+0.8% YoY)
- Net Profit: ₹25.3 crore (+12.18% YoY)
While revenue growth has been modest, profitability has shown steady improvement, reflecting better cost management and operational efficiency.
Summary
Patel Retail share price for its IPO has been fixed between ₹237–₹255, marking a 15% cut from its pre-IPO level. The company plans to use the fresh capital to improve its financial position, enhance working capital, and support operational expansion. With 43 stores and an expanding export business, Patel Retail’s listing on August 26 will be closely watched by market participants.
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